Brookdale Senior Living Inc. $BKD Shares Purchased by Senator Investment Group LP

Senator Investment Group LP raised its holdings in shares of Brookdale Senior Living Inc. (NYSE:BKD) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,859,263 shares of the company’s stock after acquiring an additional 400,000 shares during the period. Brookdale Senior Living makes up 1.7% of Senator Investment Group LP’s holdings, making the stock its 25th largest position. Senator Investment Group LP owned approximately 1.20% of Brookdale Senior Living worth $46,006,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. WCM Investment Management LLC bought a new position in shares of Brookdale Senior Living in the first quarter worth $171,681,000. Wellington Management Group LLP raised its stake in shares of Brookdale Senior Living by 24.5% during the third quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock valued at $98,331,000 after purchasing an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in Brookdale Senior Living by 34.9% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock worth $91,683,000 after purchasing an additional 2,199,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Brookdale Senior Living by 20.4% in the first quarter. Renaissance Technologies LLC now owns 7,663,564 shares of the company’s stock worth $104,838,000 after purchasing an additional 1,300,100 shares during the period. Finally, Bank of America Corp DE grew its position in Brookdale Senior Living by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after buying an additional 238,042 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have commented on BKD shares. Barclays dropped their price target on shares of Brookdale Senior Living from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookdale Senior Living in a report on Monday, August 24th. Finally, Compass Point assumed coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Brookdale Senior Living presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.40.

Brookdale Senior Living Stock Up 0.1%

Shares of Brookdale Senior Living stock opened at $11.73 on Monday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -20.22, a price-to-earnings-growth ratio of 5.67 and a beta of 0.60. The business has a fifty day simple moving average of $14.15 and a 200-day simple moving average of $14.03. Brookdale Senior Living Inc. has a fifty-two week low of $7.29 and a fifty-two week high of $17.09.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 4.53%.The firm had revenue of $718.58 million for the quarter, compared to analyst estimates of $735.63 million. Analysts anticipate that Brookdale Senior Living Inc. will post 0.06 earnings per share for the current fiscal year.

Brookdale Senior Living Company Profile

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.